Temasek to invest in Mahindra’s EV subsidiary
Temasek will invest INR 1,200 crore into MEAL (Mahindra Electric Automobile Limited), the four-wheeler passenger electric vehicle company, in the form of Compulsorily Convertible Preference Shares (‘CCPS’) at a valuation of up to INR 80,580 crore. Read more

M&M Ltd. announced its auto sales numbers for the month of July 2023
M&M’s overall auto sales for the month of July 2023 stood at 66,124 vehicles, including exports. In the Utility Vehicles segment, Mahindra sold its highest-ever SUVs, 36,205 vehicles in a month, in the domestic market, and overall, 37,519 vehicles, including exports. The domestic sales for Commercial Vehicles stood at 20,898 units. Read more

M&M Ltd.’s Farm Equipment Sector (FES) announced its tractor sales numbers for July 2023
Domestic sales in July 2023 were at 24,168 units, as against 21,684 units during July 2022. Total tractor sales (Domestic + Exports) during July 2023 were at 25,175 units. Exports for the month stood at 1,007 units. Read more

Mahindra Group to enable US Companies to expand their global manufacturing footprint
As India ramps up efforts to revolutionise the global manufacturing and supply chain landscape, the Mahindra Group is poised to help American companies enhance their international footprint and expand by leveraging the advantages of India as a manufacturing hub. Read more

64 students receive K.C. Mahindra Scholarship for Post Graduate studies abroad this year
K. C. Mahindra Education Trust (KCMET) awarded a total of INR 335 lakh in scholarships to 64 meritorious students. The top 3 K. C. Mahindra Fellows will be awarded interest-free loan scholarships at INR 10 lakhs each. The balance 61 students will receive INR 5 Lakh each to support their education abroad. Read more